The demand for cream in Vietnam is projected to show a steady increase over the forecast period from 2024 to 2028. In 2023, the actual demand for cream stood at 6.08 Thousand Metric Tons. Forecasts predict a continuous upward trend with values reaching 6.25 in 2024, 6.43 in 2025, 6.61 in 2026, 6.78 in 2027, and 6.96 Thousand Metric Tons in 2028.
Year-on-year analysis reveals the following percentage variations in demand:
- 2024: 2.80%
- 2025: 2.88%
- 2026: 2.80%
- 2027: 2.57%
- 2028: 2.65%
The Compound Annual Growth Rate (CAGR) over the five-year forecast period stands at approximately 2.74% per year.
Future trends to watch for include potential impacts of economic fluctuations, changes in consumer preferences towards dairy products, and possible government regulations influencing the dairy sector. Monitoring these factors will be crucial to accurately predict and respond to shifts in demand.